West Oak Capital LLC Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

West Oak Capital LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,339 shares of the company’s stock after purchasing an additional 490 shares during the period. West Oak Capital LLC’s holdings in PepsiCo were worth $2,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Moss Adams Wealth Advisors LLC boosted its holdings in PepsiCo by 18.3% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 3,352 shares of the company’s stock valued at $570,000 after purchasing an additional 518 shares during the last quarter. Accurate Wealth Management LLC increased its position in shares of PepsiCo by 3.1% during the 3rd quarter. Accurate Wealth Management LLC now owns 9,359 shares of the company’s stock worth $1,646,000 after purchasing an additional 279 shares during the last quarter. Sage Financial Management Group Inc. purchased a new stake in PepsiCo in the 3rd quarter valued at about $233,000. Net Worth Advisory Group purchased a new position in PepsiCo during the third quarter worth about $1,868,000. Finally, Precedent Wealth Partners LLC increased its position in shares of PepsiCo by 10.6% during the third quarter. Precedent Wealth Partners LLC now owns 8,036 shares of the company’s stock valued at $1,366,000 after acquiring an additional 772 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 0.2 %

PEP opened at $175.06 on Friday. The firm has a market cap of $240.18 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 3.28 and a beta of 0.53. PepsiCo, Inc. has a 52 week low of $158.03 and a 52 week high of $183.41. The business’s 50 day moving average is $173.78 and its two-hundred day moving average is $172.13. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter in the prior year, the firm earned $2.25 EPS. PepsiCo’s revenue for the quarter was down .6% on a year-over-year basis. On average, research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.10%. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays lowered their price objective on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. JPMorgan Chase & Co. lowered their price target on PepsiCo from $185.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Bank of America cut their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft lowered their target price on PepsiCo from $180.00 to $179.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Finally, Jefferies Financial Group reduced their price target on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average target price of $183.92.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.